Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.99
GUESS INC incurred convertible notes of $64.8 million with holders of the 2.00% convertible senior notes due 2024 at 3.75% maturing 2028.
- Instrument
- convertible notes
- Principal
- $64.8 million
- Counterparty
- holders of the 2.00% convertible senior notes due 2024
- Rate
- 3.75%
- Maturity
- 2028
- Event
- incurrence
Exact text from the filing
the Company exchanged approximately $67.1 million in aggregate principal amount of the 2024 Notes for approximately $64.8 million in aggregate principal amount of additional 3.75% convertible senior notes due 2028 (the “Additional 2028 Notes”) (collectively, the “Exchange Transactions”).
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
GUESS INC entered into Hedge Transaction with a financial institution (the “Option Counterparty”) (effective 2024-01-05).
- Action
- entry
- Counterparty
- a financial institution (the “Option Counterparty”)
- Effective
- 2024-01-05
Exact text from the filing
On January 5, 2024, the Company entered into a convertible note hedge transaction (the “Hedge Transaction”) with a financial institution (the “Option Counterparty”).
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
GUESS INC entered into Warrant Transaction with the Option Counterparty valued at approximately $41.37 per share (effective 2024-01-05).
- Action
- entry
- Counterparty
- the Option Counterparty
- Value
- approximately $41.37 per share
- Effective
- 2024-01-05
Exact text from the filing
Separately, the Company also entered into a privately negotiated warrant transaction (the “Warrant Transaction”) with the Option Counterparty relating to, subject to anti-dilution adjustments, approximately 2.7 million shares of the Company’s common stock, with a strike price of approximately $41.37 per share.
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
GUESS INC entered into Exchange and Subscription Agreements with a limited number of holders of its 2.00% convertible senior notes due 2024 valued at approximately $67.1 million in aggregate principal amount of the 2024 Notes for approximately $64.8 (effective 2024-01-10).
- Action
- entry
- Agreement
- notes offering
- Counterparty
- a limited number of holders of its 2.00% convertible senior notes due 2024
- Value
- approximately $67.1 million in aggregate principal amount of the 2024 Notes for approximately $64.8
- Effective
- 2024-01-10
Exact text from the filing
On January 10, 2024, Guess?, Inc. (the “Company”) completed its previously announced separate, privately negotiated exchange and subscription agreements (the “Exchange and Subscription Agreements”) with a limited number of holders of its 2.00% convertible senior notes due 2024 (the “2024 Notes”)
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